Summary
Valero Energy Corporation (VLO) filed an 8-K on March 13, 2015, to announce the completion of a significant debt offering. The company issued $600 million of 3.65% Senior Notes due 2025 and $650 million of 4.90% Senior Notes due 2045, totaling $1.25 billion in aggregate principal amount. This offering was made under a registration statement filed earlier and was completed on March 13, 2015. This debt issuance provides Valero with substantial capital, which can be used for various corporate purposes, including potential investments, acquisitions, or refinancing existing debt. The details of the underwriting agreement, the indenture governing the notes, and the terms of the notes themselves were filed as exhibits to this report, offering transparency into the financing structure.
Key Highlights
- 1Valero Energy Corporation completed a public offering of $1.25 billion in senior notes.
- 2The offering consisted of $600 million in 3.65% Senior Notes due 2025.
- 3The offering also included $650 million in 4.90% Senior Notes due 2045.
- 4The debt issuance occurred on March 10, 2015, with closing scheduled for March 13, 2015.
- 5The notes were issued under an indenture dated March 10, 2015, with U.S. Bank National Association as Trustee.
- 6The offering was registered under the Securities Act of 1933 and made pursuant to a prospectus supplement.
- 7Key documents related to the offering, including the underwriting agreement and indenture, were filed as exhibits.